It’s been a long-held belief in the real estate world that the best time to list your property is in spring. There’s definitely merit to this, with gardens looking their best and with the warmer weather, but that doesn’t mean you should hold off listing your property as we come into autumn. Here are five reasons why:
1. LESS LISTINGS MEANS LESS COMPETITION
Typically we see fewer properties coming onto the market during the cooler months, but that doesn’t necessarily mean there will be fewer buyers out there. Listing to sell your property in autumn means your property will have fewer properties to compete with and may attract more interest.
2. NO LONG SCHOOL HOLIDAYS
In early autumn, namely March, there are no school holidays to compete with, meaning most buyers will be available to attend open homes. Unlike summer where the long Christmas and New Year break often means potential buyers are distracted and possibly travelling, March is a relatively quiet month with students still in school until the Easter break in April.
3. THE WEATHER IS OPTIMAL
Much like spring, the weather in autumn is actually great house-hunting weather. We’re just past the storm season of summer, and we’re not yet into the much colder months of June through August. This means crisper, sunny days and less sweltering, humid, rainy or cold days that may deter potential buyers from inspecting in other seasons.
4. MORE SERIOUS BUYERS
One drawback to listing your home in peak seasons is the interest you’ll get from ‘tyre kickers’. These are the browsers who go from open home to open home without the serious intention of buying. In off-peak times, like trying to sell your property in autumn, you’re far more likely to attract serious buyers who are looking to move due to circumstance rather than season.
5. NEW YEAR RESOLUTIONS
Lots of us make a plan to tick off the big ticket items on our list after New Years and that includes buying a property. Serious potential buyers are trawling through new listings in the first few months of the year and making plans to attend open homes, so make sure yours is listed!
If you’re wondering how many homes are on the market in your local area, chat to your Harcourts agent. They’ll have a comprehensive list of homes on the market and can let you know if now is a good time to list your property for sale.